First, the development of the status quo
Automobile consumption credit in the post-war rise of the Western countries, the root of it is: First, the great development of productive forces after the war, consumer demand for consumption lags behind the development of production, consumption and led to the contradiction between supply and demand; Second, the banks More adequate funding, from the production areas of consumer loans extended to the field. So with financial innovation, with automobile consumption loans.
At present, 70 per cent of private vehicles are purchased through loans. In the United States, the proportion of car loans of up to 80 percent. 2000, the United States every 10 new Jia Yongju sold out of nine is achieved through various types of loans. The only new car loan interest income is as high as 20 billion U.S. dollars. The study pointed out that if no car loans, new car sales in the United States to reduce at least 50 percent, about 8 million. China's proportion of this is also very low in 2001 was only 15 percent in 2002 to 25 percent.
China's auto consumption credit it has its full development of reasons. According to foreign experience, when per capita GDP reached 1000-3000 dollars, to enter the country on consumer credit period, the people of the high-grade consumer goods such as auto demand to increase dramatically. In China, many cities per capita GDP has more than 1,000 U.S. dollars, many residents have the ability to purchase. At the same time, the updated concept of consumption but also a large number of urban consumers set our sights on consumer credit. From the banks perspective, our country now with considerable financial assets. In 2002 the balance of savings deposits of residents reached 12 trillion yuan, bank credit funded. From the perspective of manufacturers, the 2002 National Car production and sales were 1062400 and 1058000, an increase of 52.8% and 50%. Automotive production has entered a period of the blowout. Manufacturers and the competition among manufacturers is also becoming increasingly fierce. Three-pronged approach point of view, automobile credit have the full development of reasons.
However, the reality of the situation is like an automobile consumption loans chicken threat, banks and other financial institutions, high input, high risk to consumers, complicated procedures, high costs. The current domestic automobile consumption credit this embarrassing situation because the key lies in the following two points.
Second, the crux of the problem
(1), credit
Consumer credit is the development of social personal credit mechanism for the improvement of the premise. China's credit system is imperfect, is bound to lead to car credit in China difficult. The vast majority of urban and domestic commercial banks have not established their sound personal credit management system, this is undoubtedly to the bank control of credit risk and challenges. The media in Beijing had issued the first batch of automobile consumption credit loan conducted follow-up survey, found that due Laizhang the minority and, in Guangzhou has also focused on policy holders, vendors and collusion between insurance agents, False car loan compensation insurance fraud cases. All of these banks to allow the release of automobile consumption credit cautious again. Moreover, automobile credit have its own characteristics, whether it is the identification and risk control, or the collateral management and disposal, automobile consumption loans than the mortgage to a difficult chip. Banks to control credit risks as far as possible, always artificially raise the "threshold" to develop a very harsh loan conditions, such as to require the borrower to provide adequate security, insurance, but only loaned equivalent to a maximum value of the collateral 70 percent of the funds. At the same time, the current auto consumption credit management practices in lending rates, loan period, and so also have a very stringent restrictions, provided the longest period of repayment rate of not more than five years. This also led to the current auto consumption credit is basically still in the respondents, fewer loans to the situation.
(B) services
If the credit belongs to a long-term problem is a social phenomenon of precipitation in a short period of time was not reversed. So credit services are people within our power. China's automobile and consumer credit falls far short of the quality of services with foreign countries.
First of all, the loan is a single species. And foreign automobile credit of the rich variety of more. To GMAC (General Motors Finance Corporation) as an example, the provision of the auto consumption credit varieties are: 1, EC instalments: the specific method is: the customers and distributors signed an installment agreement, the customer commitment The next payment of part of loans, and pay finance charges. 2, Smartbuy this way allows users often have a new car. The specific method is: the return of a small number of customers monthly vehicle, in the final contract has two options: First, buy the car, by a one-time payment of arrears, and the other is to pay 250 U.S. dollars fee and more than a few kilometers restrictions The charges, returned to the car. 3, Smartlease: this way to apply to the purchase of a car, but in a certain period of time customers need to carpool. Specific methods are: customers can use the expected, select a different kilometers in the number of different pay the rental fee. In addition, GMAC also introduced students purchase plans, and other student groups against the credit varieties in order to cultivate their loyalty to the species. Thus, foreign car finance company business reflected the degree of refinement. In China, to provide automobile consumption credit agencies rate is subject to its control of the central bank, but the face of all customers to pay only a species, to a certain down payment (or zero down payment), the payment of instalments.
Third, the future prospects
Despite the long term, the development of automobile consumption credit is the trend of the times. However, in China's current situation, the development of the difficulties. Sound credit system is not the establishment of day work and in society generally lower credit circumstances, financial institutions operating costs will inevitably remain at a relatively high position, the cost eventually will be passed on to consumers the head. In looking forward to good macro-At the same time, more realistic is to improve our micro-face. Such as improved service quality, and speed up the convergence of international practice, introduced more personalised service and so on. Long Xi Road, Wu Jiang from top to bottom search!
Automobile consumption credit in the post-war rise of the Western countries, the root of it is: First, the great development of productive forces after the war, consumer demand for consumption lags behind the development of production, consumption and led to the contradiction between supply and demand; Second, the banks More adequate funding, from the production areas of consumer loans extended to the field. So with financial innovation, with automobile consumption loans.
At present, 70 per cent of private vehicles are purchased through loans. In the United States, the proportion of car loans of up to 80 percent. 2000, the United States every 10 new Jia Yongju sold out of nine is achieved through various types of loans. The only new car loan interest income is as high as 20 billion U.S. dollars. The study pointed out that if no car loans, new car sales in the United States to reduce at least 50 percent, about 8 million. China's proportion of this is also very low in 2001 was only 15 percent in 2002 to 25 percent.
China's auto consumption credit it has its full development of reasons. According to foreign experience, when per capita GDP reached 1000-3000 dollars, to enter the country on consumer credit period, the people of the high-grade consumer goods such as auto demand to increase dramatically. In China, many cities per capita GDP has more than 1,000 U.S. dollars, many residents have the ability to purchase. At the same time, the updated concept of consumption but also a large number of urban consumers set our sights on consumer credit. From the banks perspective, our country now with considerable financial assets. In 2002 the balance of savings deposits of residents reached 12 trillion yuan, bank credit funded. From the perspective of manufacturers, the 2002 National Car production and sales were 1062400 and 1058000, an increase of 52.8% and 50%. Automotive production has entered a period of the blowout. Manufacturers and the competition among manufacturers is also becoming increasingly fierce. Three-pronged approach point of view, automobile credit have the full development of reasons.
However, the reality of the situation is like an automobile consumption loans chicken threat, banks and other financial institutions, high input, high risk to consumers, complicated procedures, high costs. The current domestic automobile consumption credit this embarrassing situation because the key lies in the following two points.
Second, the crux of the problem
(1), credit
Consumer credit is the development of social personal credit mechanism for the improvement of the premise. China's credit system is imperfect, is bound to lead to car credit in China difficult. The vast majority of urban and domestic commercial banks have not established their sound personal credit management system, this is undoubtedly to the bank control of credit risk and challenges. The media in Beijing had issued the first batch of automobile consumption credit loan conducted follow-up survey, found that due Laizhang the minority and, in Guangzhou has also focused on policy holders, vendors and collusion between insurance agents, False car loan compensation insurance fraud cases. All of these banks to allow the release of automobile consumption credit cautious again. Moreover, automobile credit have its own characteristics, whether it is the identification and risk control, or the collateral management and disposal, automobile consumption loans than the mortgage to a difficult chip. Banks to control credit risks as far as possible, always artificially raise the "threshold" to develop a very harsh loan conditions, such as to require the borrower to provide adequate security, insurance, but only loaned equivalent to a maximum value of the collateral 70 percent of the funds. At the same time, the current auto consumption credit management practices in lending rates, loan period, and so also have a very stringent restrictions, provided the longest period of repayment rate of not more than five years. This also led to the current auto consumption credit is basically still in the respondents, fewer loans to the situation.
(B) services
If the credit belongs to a long-term problem is a social phenomenon of precipitation in a short period of time was not reversed. So credit services are people within our power. China's automobile and consumer credit falls far short of the quality of services with foreign countries.
First of all, the loan is a single species. And foreign automobile credit of the rich variety of more. To GMAC (General Motors Finance Corporation) as an example, the provision of the auto consumption credit varieties are: 1, EC instalments: the specific method is: the customers and distributors signed an installment agreement, the customer commitment The next payment of part of loans, and pay finance charges. 2, Smartbuy this way allows users often have a new car. The specific method is: the return of a small number of customers monthly vehicle, in the final contract has two options: First, buy the car, by a one-time payment of arrears, and the other is to pay 250 U.S. dollars fee and more than a few kilometers restrictions The charges, returned to the car. 3, Smartlease: this way to apply to the purchase of a car, but in a certain period of time customers need to carpool. Specific methods are: customers can use the expected, select a different kilometers in the number of different pay the rental fee. In addition, GMAC also introduced students purchase plans, and other student groups against the credit varieties in order to cultivate their loyalty to the species. Thus, foreign car finance company business reflected the degree of refinement. In China, to provide automobile consumption credit agencies rate is subject to its control of the central bank, but the face of all customers to pay only a species, to a certain down payment (or zero down payment), the payment of instalments.
Third, the future prospects
Despite the long term, the development of automobile consumption credit is the trend of the times. However, in China's current situation, the development of the difficulties. Sound credit system is not the establishment of day work and in society generally lower credit circumstances, financial institutions operating costs will inevitably remain at a relatively high position, the cost eventually will be passed on to consumers the head. In looking forward to good macro-At the same time, more realistic is to improve our micro-face. Such as improved service quality, and speed up the convergence of international practice, introduced more personalised service and so on. Long Xi Road, Wu Jiang from top to bottom search!
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